Coinshift Announcing its $15M Series A

Published on: 18.05.2022

Coinshift is announcing its $15M Series A to build the most sophisticated multichain Treasury infrastructure for DAOs & Companies.

However they launched publicly in June 2021, and humbled to have incredible traction with 1000+ safes, $1.3B in assets & $82M+ in payouts from organizations like Consensys, Biconomy, Messari, Uniswap, Perpetual Protocol, Balancer & various others.

They are proud to announce that Coinshift has raised $15M in Series A led by Tiger Global and joined by Sequoia Capital India, Ryan Hoover (Founder of Product Hunt & Weekend Fund), Alameda Ventures, Spartan Group, Ethereal Ventures, Alpha Wave Capital, Hash key Capital, Quiet Capital, Polygon Ventures, Volt Capital & 300+ angels and operators in crypto and Fintech.

Sandeep Nailwal — Co-Founder & COO, Polygon
Shiva Rajaraman — VP at Opensea
Prabhakar Reddy — Founder of FalconX
Scott Belsky — CPO Adobe & Founder of Behance
Lenny Rachitsky — Previously Product Manager, Airbnb
Utsav Somani — Iseed & Head of Angelist India
Shaan Puri — Previously Director of product, Twitch

The Coinshift V2

So far with its V2, they aim to develop the most sophisticated next-generation multichain treasury management platform.

The major architectural change between Coinshift V1 and Coinshift V2 is users can add multiple safes to a single organization across multiple chains. While in Coinshift V1, where 1 safe address was equal to 1 organization.

CoinshiftV2 architecture will help Treasury managers and sub-DAO committees efficiently consolidate all the safes across networks seamlessly. In addition, users will have global access to contacts, Labels, budgets, reporting, and advanced access level control between safes, signers, & non-signers.

V2 Core Benefits

Indeed Their Product features will make coinshift the most simple, flexible, and efficient Multichain Treasury Management Platform for DAOs & Companies using Gnosis Safe.

Firstly, Users will be able to manage multiple Gnosis Safes on multiple chains under one organization to save a lot of time and achieve transparency in treasury ops.
Users will have advanced roles and permissions and seamlessly elect admin, moderator, and members to offload off-chain ops.
Third, users will be able to Transaction create Proposals as Non-Signers leading to efficient Treasury Ops for DAO leads, Head of Finance & Founders.
Also users can easily do Multi-token & NFTs Mass payouts, Stream Payments, and Automate salaries with built-in Transaction Batching.
Users will be able to deploy custom asset allocation strategies with built-in tagging and reporting.
With their transaction batching solution, users can save a huge amount of time & gas fees on deposits, withdrawals, token approvals, etc while interacting with DeFi Protocols.